On 31st May 2018, the Caribbean Financial Action Task Force (CFATF) issued a public statement which stated that Haiti had been removed from the CFATF – International Co-operation Review Group (ICRG) monitoring process. The jurisdiction was encouraged to continue to address its outstanding deficiencies in preparation for the 4th Round of Mutual Evaluations.
Additionally, St. Vincent and the Grenadines was allowed to exit the 3rd Round Follow-up Process as the jurisdiction has made significant progress in addressing the deficiencies highlighted within its 2010 Mutual Evaluation Report. The jurisdiction was encouraged to continue demonstrating further progress towards rectifying the outstanding deficiencies and strengthening its AML/CFT framework.
The Public Statement is attached in its entirety and can also be accessed by clicking the link below. It contains relevant information that regulated entities, as part of their implementation of the risk based approach, should be aware of.
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